- Boyd Gaming‘s second-quarter adjusted EBITDAR was $357.9 million, surpassing estimates of $336.6 million.
- The adjusted EBITDAR for Las Vegas locals was $112.7 million, beating the expected $105.6 million.
- Las Vegas downtown adjusted EBITDAR slightly missed the estimate with $19.4 million, where $20.6 million was anticipated.
- The Midwest & South regions reported an adjusted EBITDAR of $201.4 million, outperforming the forecast of $195.7 million.
- Adjusted Earnings Per Share (EPS) stood at $1.87, exceeding the estimated $1.67.
- Revenue for the quarter totaled $1.03 billion, higher than the projected $980.5 million.
- Revenue from Las Vegas locals reached $229.1 million, above the $222.1 million estimate.
- Las Vegas downtown revenue came in slightly below expectations at $55.3 million, against an estimated $55.7 million.
- The Midwest & South regions reported revenue of $540.1 million, surpassing the anticipated $531.2 million.
- Adjusted net income was $154.2 million, exceeding the projected $139.3 million.
- The company’s growth was driven by strong play from core customers and improvements in retail play.
- Boyd Gaming experienced its strongest property-level revenue and adjusted EBITDAR growth in over three years, with property-level margins exceeding 40%.
- Market sentiment is neutral with 8 buy ratings, 8 hold ratings, and no sell ratings.
Boyd Gaming on Smartkarma
Analyst coverage of Boyd Gaming on Smartkarma showcases in-depth insights from Baptista Research. In their report titled “Boyd Gaming: Dealing With Competitive Pressure at The Orleans Casino,” Baptista Research highlights the solid performance of Boyd Gaming Corporation in the first quarter of 2025. Despite facing external challenges, the company saw consistent revenue and EBITDAR growth, with revenues hitting nearly $1 billion and an EBITDAR of $338 million. Maintaining a strong property margin of 40%, Boyd Gaming‘s resilience in its core customer base and stable retail play trends were key factors contributing to its performance.
A look at Boyd Gaming Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Smartkarma’s analysis of Boyd Gaming Corporation reveals a promising long-term outlook for the company. With a strong Growth score of 4, Boyd Gaming is positioned well for expansion and development in the future. This indicates that the company has solid potential for increasing its market share and profitability over time. Furthermore, a Momentum score of 5 suggests that Boyd Gaming is experiencing positive trends in its stock performance, showing active interest from investors.
When considering Boyd Gaming‘s Value score of 2, Dividend score of 2, and Resilience score of 3, it is evident that the company may have areas to improve upon. However, the overall positive outlook driven by Growth and Momentum scores indicates a favorable trajectory for Boyd Gaming in the long run. As a company that owns and operates various gaming properties in the United States, with additional entertainment and recreational offerings, Boyd Gaming is well-positioned to capitalize on its strengths for sustained success.
### Boyd Gaming Corporation owns and operates several gaming properties throughout the United States. The Company also operates entertainment, restaurants, shopping, and recreational facilities on its properties. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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